OEG CABLES LIMITED
Company number SC391996 · Monitor this company
Executive summary
OEG Cables Limited is a fast-scaling offshore services specialist within the OEG Renewables Group, having grown net assets 77x over five years to £2.5M by FY2022, with its recent rebrand signalling a sharpened focus on subsea cable installation for the offshore wind market. The company's key strategic assets include group backing, a growing specialised equipment base, and a prime Aberdeenshire location, but it must navigate working capital intensity, sector concentration, and competitive pressure from larger marine contractors to fully capture the UK's accelerating offshore wind pipeline.
Shareholders' funds
£2,544,029
Balance sheet as at 2022-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2011-01-21
- Employees
- 14 (2022 accounts · was 10 in 2021)
- Registered office
- C/O Oeg Offshore Uk Limited, Midmill Business Park, Kintore, Aberdeenshire, United Kingdom, AB51 0QG
- Postcode
- AB51 0QG
- Capital
- 100 GBP
- Accounts category
- Audit Exemption Subsidiary
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-01-21
- Next due by
- 2027-02-04
Nature of business (SIC)
- 70229 Management consultancy activities other than financial management
Officers 2 current · 5 resigned
Group structure
Controlled by OEG RENEWABLES GROUP LIMITED — since 2023-06-27
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| 23 DEGREES RENEWABLES LTD | 2024-11-15 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| 60 MILLSIDE ROAD, PETERCULTER, ABERDEENSHIRE, AB14 0WG, SCOTLAND | 2016-07-06 |
| SUB DEPOT INCHMARLO, BANCHORY, KINCARDINESHIRE, AB31 4AP | 2016-06-14 |
| GENEFEA BIRSAY, ORKNEY, KW17 2NB, SCOTLAND | 2012-11-05 |
Among its peers
Top 1%
by shareholders' funds, of 871 similar companies in AB
Among the biggest employers among its local peers (14 staff).
Among the oldest 25% of its local peers, trading since 2011.
Competitors Aberdeen
-
4. J1W LTD
This company ranks 5 among management consultancy activities other than financial management in Aberdeen.
The class of 2011
23%
of the 16,452 companies in this sector incorporated in 2011 are still active today; 75% have since been dissolved.
A fact about the year, not a forecast for this company.